Word: interests
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...process by which most banks get the money they use to make consumer loans. To fund credit-card, auto and education lending, banks typically gather up loans they already have made and pass them off to an investment bank. Wall Street firms then package these into bonds that pay interest based on borrowers' loan payments. Completing the money-recycling loop, investors buy the bonds, and investment banks pass most of that money, minus a fee, back to the lenders. The lenders can then use that money to make new loans. The process is called securitization, and for much...
...rhetorical strategy, from simple narratives about how the Plan’s programs could improve daily life, to more broadly pedantic lectures on the nascent, but nevertheless looming threat of totalitarianism from the East.“They’re entertaining and witty, and they offer really interesting examples of effective public communication,” Schulberg says. “Examples that can both inspire and educate their audiences at the same time.” Schulberg first became interested in these films when she learned that her father, the late NBC producer Stuart Schulberg, had worked with...
...before the Food and Drug Administration on the unproven value of cold medicines for children. In 2003, Shannon was named director of the hospital’s newly established Center for Biopreparedness, which is charged with delivering antidotes to children in case of biochemical terrorism. Shannon’s interest in children’s health carried through to his life outside the hospital, leading him to form a youth group at his church to address teen issues such as sex, drugs, and alcohol. “His quiet, gentlemanly ways will be greatly missed,” Children?...
...from last year. Proctor applications were due in January but the FDO will continue to see applications come in this spring, possibly due to the allure of free housing in a down economy. “I think the economy doesn’t hurt people’s interest but the word on street is that [being a proctor] is rewarding work and people have a chance to make a difference,” Dingman said. Dingman said that the FDO has been working to cut programs and costs that will not directly affect students. The FDO has already...
...countries are guilty of self interest, no doubt. Emerging markets have responded to an uneven playing field with their own brand of “economic nationalism.” Indeed, Harvard economics professor Ken Rogoff notes that India’s comparatively “stringent restrictions on international capital flows” saved it from the brunt of the recession. The point is that state intervention and national interests have been complicated through globalization, not erased...